LiveRamp Sees Unusually Large Options Volume (NYSE:RAMP)

LiveRamp Holdings, Inc. (NYSE:RAMP) was the recipient of unusually large options trading on Wednesday. Stock traders bought 2,788 call options on the stock. This is an increase of 910% compared to the average volume of 276 call options.

LiveRamp Stock Up 0.2%

RAMP stock traded up $0.08 during trading on Wednesday, hitting $37.76. 1,816,131 shares of the company’s stock traded hands, compared to its average volume of 885,748. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 16.56 and a beta of 1.19. LiveRamp has a 52 week low of $21.71 and a 52 week high of $37.91. The stock has a fifty day moving average price of $28.42 and a two-hundred day moving average price of $27.81.

LiveRamp (NYSE:RAMP) last released its quarterly earnings data on Sunday, May 17th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $206.09 million for the quarter, compared to analyst estimates of $205.49 million. LiveRamp had a net margin of 17.95% and a return on equity of 8.33%. LiveRamp’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share. As a group, equities research analysts expect that LiveRamp will post 2.07 EPS for the current fiscal year.

LiveRamp announced that its board has initiated a share repurchase plan on Thursday, February 12th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 13.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On LiveRamp

Several institutional investors have recently modified their holdings of the company. Headlands Technologies LLC acquired a new position in LiveRamp during the 2nd quarter valued at about $31,000. Sound Income Strategies LLC increased its stake in shares of LiveRamp by 769.1% in the first quarter. Sound Income Strategies LLC now owns 1,069 shares of the company’s stock valued at $28,000 after purchasing an additional 946 shares during the period. Hantz Financial Services Inc. increased its stake in shares of LiveRamp by 197.0% in the fourth quarter. Hantz Financial Services Inc. now owns 1,096 shares of the company’s stock valued at $32,000 after purchasing an additional 727 shares during the period. Strs Ohio bought a new stake in shares of LiveRamp during the first quarter valued at approximately $31,000. Finally, Picton Mahoney Asset Management acquired a new position in shares of LiveRamp during the third quarter worth approximately $38,000. Institutional investors own 93.83% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Benchmark lowered their price objective on shares of LiveRamp from $53.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, February 3rd. DA Davidson downgraded shares of LiveRamp from a “buy” rating to a “neutral” rating and upped their target price for the company from $35.00 to $38.50 in a research note on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LiveRamp in a report on Friday, March 27th. Craig Hallum downgraded shares of LiveRamp from a “buy” rating to a “hold” rating and set a $38.50 price target on the stock. in a research note on Tuesday. Finally, Evercore initiated coverage on shares of LiveRamp in a report on Tuesday, March 24th. They issued an “outperform” rating and a $37.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, LiveRamp presently has an average rating of “Hold” and an average target price of $39.43.

LiveRamp Company Profile

LiveRamp Holdings, Inc is a leading provider of data connectivity and identity resolution services for marketers, publishers and platforms. The company’s core technology enables organizations to link disparate data sources—such as CRM systems, web engagements and offline transaction records—into a single, privacy-safe view of individual consumers. By standardizing and anonymizing identifiers, LiveRamp’s platform facilitates targeted media activation, measurement and analytics across digital, mobile, addressable TV and offline channels.

The company offers a suite of products designed to support every stage of the data lifecycle.